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Title: The marginal productivity theory of income distribution states that Post by: asjstr on Oct 10, 2019 Question 1. The marginal productivity theory of income distribution was developed by ▸ John Bates Clark. ▸ William Stanley Jevons. ▸ Edward Lazear. ▸ George Akerlof. Question 2. The marginal productivity theory of income distribution states that ▸ as more and more units of labor are added to a fixed quantity of capital, eventually labor's contribution to a firm's income will decrease. ▸ factors of production in short supply command higher prices than those available in abundant quantities. ▸ income distribution is determined by the marginal productivity of the factors of production that individuals own. ▸ capital owners receive the bulk of a nation's income because capital-intensive production generates productivity gains. Title: The marginal productivity theory of income distribution states that Post by: gtur on Oct 10, 2019 Content hidden
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